The Cost of solar energy to generate electricity

Massive generation of electricity comes from fossil fuels. Now there is a huge demand for electricity but there are the fossil fuel reserves are decreasing every day. The solar power is gaining much attention since it is generated from sunlight,a natural resource that is available in plentiful. Even though Solar heating was used for centuries,solar electricity is now having greater demand. Taiwan has recently opened officially its first fully solar powered stadium. The Solar systems that are designed to replace electrical usage is now catching on in a very big manner.

 

The concept of using solar power for homes has come a long way in a relatively short period of time. The solar technology using solar cells converts the sunlight into electricity. The generated electricity can either be used directly or stored in the batteries and used for various applications like running tube lights, computers, dishwasher, ice maker, fans and TV etc. One of the major doubts that most of the people are what is the cost of solar energy? Is it cheaper or costly? Regardiing this let me share some information.

 

One of the major issues with the cost of solar energy has been that it costs more than electricity that is generated by conventional means. The Energy of sun is free but the technology required to convert it into electricity is expensive. The cost of solar power for one unit is Rs 15 while it costs just Rs 1.From coal it is 19 per unit. The price of solar power varies on the power wattage utilized by the consumer. More amount of amount means larger solar panels which comes at a higher price. The Price of a good home made solar water heater system is $14000. One can reduce their monthly power bills coming from heating hot water to 50%. The cost of a solar energy system to power a computer and few other small items will be around $700 to $1000.

 

The cost of solar power for your home depends on how much energy in kilowatt-hours (kWh) do you use per month. Investing by Dollars per Watt is the best way to choose solar panels. For last one decade,the price of photovoltaic panels have fallen at a steady rate of 3-5 percent per year. However, prices may not seem all that low to you, because in general the technology is getting better, so each panel is making more watts than those of a few years ago.

 

Because of strong demand for large photovoltaic installations around the world, there has been a general shortage of new panels. Search through local newspaper classifieds for PV panels. The Banks & Government provides loan facilities for purchasing solar lighting and heating systems. If you buy the solar panels for your house, then your insurance company also insures them, just like they insure the rest of your household items.

 

 

Now solar enterprises are spreading the awareness on the huge potential demand for solar batteries in the domestic market supported by government and implementing low priced solar technology. Unlike fossil reserves, which give power to the countries as long the resources are available, the sun is a limitless energy provider available to several generations. The Future will soon have vast solar farms generating cheaper electricity for the entire cities without emitting any pollution.

 

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